Nintendo posts $530 million loss

2:15 pm EDT, April 26, 2012

Nintendo reported its first ever annual loss today at $530 million for the 2011 fiscal year that ended March 31.

The company says the deficit is due to the once struggling 3DS handheld which they are currently selling at a loss. However, Nintendo says they expect the 3DS to be selling for a profit later this year.

“While [Nintendo] did post a loss for the recently completed fiscal year, the continuing momentum of the Nintendo 3DS and the global introduction of the highly-anticipated Wii U home console will drive the company back into profitability in the current year,” Nintendo said in a statement.

The company projected a net profit of $245 million for the coming year.

The News
The Podcasts

Hype is our flagship podcast talking all things fandom

Episode #139 – Fill In The Blanks

Selina, Pam and Marama are back for another jam-packed episode of Hype Podcast! This week, the girls are breaking down everything from Disney’s recently released Beauty and the Beast and news coming out of the upcoming adaptation of Mulan, to the upcoming Prison Break revival, and The 100 season 4!

March 24, 2017
The Reviews